TIDMMORT

RNS Number : 3420H

Mortice Limited

07 June 2017

Mortice Limited

('Mortice' or the 'Company')

Subscription for Ordinary Shares/Director/PDMR Holding,

Total Voting Rights

The Company is pleased to announce that Dr Keith Hellawell, Non-Executive Director of the Company, has today subscribed for 20,000 new ordinary shares of no par value in the Company (the "Ordinary Shares") at a price of 110 pence per Ordinary Share. Dr Hellawell had intended to subscribe as part of the placing announced on 23 December 2016, but the Company has been in a close period since that time and the issue price of the new Ordinary Shares reflects the continued progress made by the Company since that time.

Application has been made for the 20,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on 9 June 2017.

Following the issue of the Ordinary Shares, Dr Hellawell's total holding will comprise of 20,000 Ordinary Shares in the Company, representing 0.04 per cent. of the Company's issued share capital.

The enlarged issued share capital of the Company will consist of 55,250,540 Ordinary Shares. No Ordinary Shares were held in treasury at the date of this announcement. The total voting rights in the Company will therefore be 55,250,540.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

 
 Mortice Limited                                               www.morticegroup.com 
 Manjit Rajain, Executive                                     Tel: +91 981 800 0011 
  Chairman 
 
 finnCap Ltd                                                     Tel: 020 7220 0500 
 Adrian Hargrave / Giles Rolls 
  / Alex Price (Corporate Finance) 
 Tony Quirk (Corporate 
  Broking) 
 
 Walbrook PR                           Tel: 020 7933 8780 or mortice@walbrookpr.com 
 Paul McManus/ Sam Allen                                 Mob: 07980 541 893 / 07884 
                                                                            664 686

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------- 
 a)    Name                              Keith Hellawell 
----  --------------------------------  --------------------------- 
 2.    Reason for the Notification 
----  ------------------------------------------------------------- 
 a)    Position/status                   Non-Executive Director 
----  --------------------------------  --------------------------- 
 b)    Initial notification/Amendment    Initial 
----  --------------------------------  --------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------- 
 a)    Name                              Mortice Limited 
----  --------------------------------  --------------------------- 
 b)    LEI                               n/a 
----  --------------------------------  --------------------------- 
 4.    Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  ------------------------------------------------------------- 
 a)    Description of                    Ordinary shares of no par 
        the Financial                     value 
        instrument, type 
        of instrument 
---- 
       Identification                    SG9999005326 
        code 
----  --------------------------------  --------------------------- 
 b)    Nature of the                     Subscription for shares 
        transaction 
----  --------------------------------  --------------------------- 
 c)    Price(s) and                       Price(s)   Volume(s) 
        volume(s)                         ---------  ---------- 
                                           110p       20,000 
                                          ---------  ---------- 
----  --------------------------------  --------------------------- 
 d)    Aggregated information: 
    *    Aggregated volume                20,000 
                                           110p 
 
    *    Price 
 -------------------------------------  --------------------------- 
 e)    Date of the transaction           6 June 2017 
----  --------------------------------  --------------------------- 
 f)    Place of the                      London Stock Exchange, AIM 
        transaction                       (XLON) 
----  --------------------------------  ---------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUNONRBAANRAR

(END) Dow Jones Newswires

June 07, 2017 02:01 ET (06:01 GMT)

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